Honyi International CoROCO:4530 -4.66%62 Net Current Asset Value is NT$7.99 as of Dec. 2025, which is 100% below its 10-year median of 3.62. GuruFocus rates ROCO:4530 with a GF Score™ of 62/100 and a GF Value™ of NT$41.19 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,215 Industrial Products companies, Honyi International Co ranks better than 68.58% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Honyi International Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$7.99.
The historical rank and industry rank for Honyi International Co's Net Current Asset Value or its related term are showing as below:
ROCO:4530'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.91 Med: 3.62 Max: 30.25
Current: 3.2
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Honyi International Co was 30.25. The lowest was 0.91. And the median was 3.62.
ROCO:4530's Price-to-Net-Current-Asset-Value is ranked better than 68.58% of 2215
companies
in the Industrial Products industry
Industry Median: 5.34
vs ROCO:4530: 3.20
Honyi International Co (ROCO:4530) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Honyi International Co Net Current Asset Value Related Terms
Honyi International Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Honyi International Co's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Honyi International Co Net Current Asset Value Chart
ROCO:4530 vs CRS, ATI, MLI: Net Current Asset Value Comparison
For the Metal Fabrication subindustry, Honyi International Co's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Honyi International Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Honyi International Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Honyi International Co's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of NT$7.99 mean?
Honyi International Co (ROCO:4530) has a Net Current Asset Value of NT$7.99 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Honyi International Co and its competitors. This is 121% above median its historical median of 3.62. Over the past decade, Honyi International Co's Net Current Asset Value has ranged from 0.91 to 30.25. According to the industry distribution chart, Honyi International Co ranks #696 out of 2215 companies in the Industrial Products industry, placing it in the top 31.4%.
Is Honyi International Co's Net Current Asset Value too high?
Honyi International Co's current Net Current Asset Value of NT$7.99 is 121% above median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 30.25. Based on the distribution chart, Honyi International Co ranks #696 out of 2215 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Honyi International Co has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Honyi International Co's Net Current Asset Value compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Honyi International Co ranks #696 out of 2215 companies for Net Current Asset Value. This puts Honyi International Co in the upper half of its industry. The industry median Net Current Asset Value is 5.34. Historically, Honyi International Co's own Net Current Asset Value has ranged from 0.91 to 30.25 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.34, based on 2,215 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Honyi International Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honyi International Co's current Net Current Asset Value is NT$7.99, which is 121% above median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honyi International Co stock overvalued right now?
Based on GuruFocus' analysis, Honyi International Co (ROCO:4530) is currently considered Possible Value Trap. The stock's GF Value™ is NT$41.19, compared to a current price of NT$25.60 — trading 37.8% below its estimated fair value. The current Net Current Asset Value is NT$7.99, which is 121% above median its 10-year median of 3.62. Honyi International Co's overall GF Score™ is 62/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Honyi International Co (ROCO:4530), the current Net Current Asset Value is NT$7.99 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Honyi International Co (ROCO:4530) Overvalued in 2026?
Based on GuruFocus' analysis, Honyi International Co stock appears to be undervalued.
The current stock price of NT$25.60 is trading 37.8% below its estimated GF Value™ of NT$41.19.
GuruFocus considers Honyi International Co to be Possible Value Trap.
Key valuation signals for ROCO:4530:
Net Current Asset Value: NT$7.99 (121% above median its 10-year median of 3.62)
GF Value™: NT$41.19 vs. price of NT$25.60 (37.8% below fair value)
No single metric tells the full story. See the ROCO:4530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honyi International Co Ltd is engaged in processing and trading of metal forging, treatment of wastewater and sewage, wholesale of industrial additives, and construction of environmental protection engineering projects. Its segments include catering segment, metal forging and processing segment, environmental engineering segment, and other segments. The majority of the revenue is derived from the environmental engineering segment.
62GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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